CSE: SCM

HISTORIC GOUNDAFA MINE PROJECT

The Historic Goundafa Mine

  • A High-Grade Polymetallic System with Immediate Upside
  • Historic Producer:
  • Mined from 1929–1956; historical production of ~320KT with reported grades >10% combined metals.
  • Project Scale :
  • Exploration Target: 4.5-9.0 MT
  • Non-compliant Conceptual historical tonnage of 6.62 MT.
  • High-Grade Mineralization:
  • Zinc: 2.1% (up to >10% in select zones).
  • Lead: 1.8% (up to >7% in select zones).
  • Copper: 1.5% – 2.1%.
  • Gold: Up to 3.5 g/t in select zones.
  • Silver: Historic concentrate grade of 400 g/t.
  • Exploration Target Potential:
  • Current estimates limited to the top 300m
  • Mineralization interpreted to depths of 1,100m.
Cautionary Statement: Estimates are historical and non-43-101 compliant.
See News Release of October 21st, 2025 (CIRO approved)
Table 1: Exploration Target Potential:
Exploration Target Table
Expl Target Range Tonnes (MT) %Zn %Pb %Cu g/t Au g/t Ag
Low 4.5 2.8 2.3 2.2 0.3 120
High 9.0 1.4 1.2 1.1 0.15 60
Table 2: Reconstructed Tons and Grade by Vein
Vein Grade Table
Vein Estimated Tonnage (Mt) Zn (%) Pb (%) Cu (%) Ag (g/t) Au (g/t)
Vein I 3.2 2.1 1.8 1.5 250 1.2
Vein II 1.1 1.9 1.6 2.1 180 3.5
Vein IV 0.8 2.3 1.7 2.0 300 2.8
Vein V–VI 1.5 2.0 1.5 1.2 200 1.0
Total 6.62 Mt – – – – –

Exploration Target & Structural Model

  • Historical Work Suggests Potential for Significant Tonnage and Grade Continuity
  • Based on the 2022 Technical Report authored by Geologist Omar Guillou for the concession holder.
  • Historical estimation of Insitu tonnage by vein (title modified) :
Structure Estimations Table
Structure Direction Estimations
Filon I E-W 2 995 200 t
Filon I NE-SW 600 000 t
Filon II NW-SE 195 000 t
Filon II bis partie Ouest E-W 416 000 t
Filon II bis partie Est E-W 210 600 t
Filon III E-W 234 000 t
Filon III bis E-W 48 360 t
Filon IV N-S 1 946 880 t
Remblais - 16 450 t
Total 6 662 490 t
  • Structural Model:
  • Geological and Structural Interpretation with Technical Input from Dr. Abdelaziz El Hadi.
  • Accessible Ore:
  • Approximately 1.7 Million Tonnes are classified as "Directly Accessible" through historic multi-level workings.
Cautionary Statement: Estimates are historical and non-43-101 compliant.
See News Release of October 21st, 2025 (CIRO approved)

Immediate Revenue: Stockpile Commercialization

  • Non-Dilutive Cash Flow to Fund Exploration (Starting Q1 2026)

Contract Signed: Binding agreement with MoResCo Sarl to process and sell historic Goundafa mineralized stockpiles, starting with 14,400 tonnes to be sold.

14,400 t

stockpile available [cite: 1.2]

50 / 50

net profit split [cite: 1.2]

> 3.0% Zn

target zinc grade [cite: 1.2]

revenue generation process

See SCM News Release dated December 16, 2025

goundafa: smart aquisition structure

  • back loaded terms designed to protect shareholder value

Contract Signed: Binding agreement with MoResCo Sarl to process and sell historic Goundafa mineralized stockpiles, starting with 14,400 tonnes to be sold.

$ 8.0M USD

total value

36 months

earn in period

back loaded

minimize upfront cash

payment & earn-in schedule

year 1 (2025) :
signing & deposit
  • Signing: Binding MOU
  • Deposit: $500k Paid
  • Status: Teams On-Site
year 2 (2026) :
earn-in & revenue
  • Earn In: Begins
  • Revenue: Stockpile Sales Start
  • Exploration: Phase 1
year 3 (2028) :
resources expansion
  • Resource: Expansion
  • Funding: Revenue Contiinues
  • Exploration: Phase 2
year 4 (2029) :
final payment
  • Final Payment: Majority Due
  • Startegy: Funded by Production
  • Goal: 100% Ownership
See SCM News Release dated December 16, 2025